Business news
- Business
US oil giant Chevron seals deal to buy Hess for USD 53 billion
New Delhi: American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an…
- Business
Paytm narrows loss to Rs 292 crore in Jul-Sept quarter
New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated loss to Rs 291.7 crore in the second quarter ended September 30, 2023.…
- Business
US-based Invesco raises Swiggy’s valuation to USD 7.8 billion
New Delhi: In some cheers for Swiggy that is facing tough competition from Zomato, US-based investment company Invesco has increased the food delivery platform’s valuation to about $7.85 billion, the media reported…
- Business
Petrol, diesel sales fall ahead of start of festive season
New Delhi: Petrol and diesel sales fell in the first half of October ahead of the start of festival season that is expected to boost consumption, preliminary data of state-owned firms showed.…
- Technology
OpenAI looking to develop own AI chips, considering acquisition
San Francisco: OpenAI, the maker of Artificial Intelligence chatbot ChatGPT, is looking to develop its own AI chips and has even considered acquiring another company for this purpose, a media report said…
- World
Musk tops Forbes’ 400 richest people in US, Bezos ranks second
San Francisco: Tesla and SpaceX CEO Elon Musk has topped Forbes’ 400 richest people in America in 2023 list for the second year in a row, with an estimated fortune of $251…
- Business
Apple to scale up production over 5 times in India to USD 40 bn in 5 years
New Delhi: iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to…
- Technology
Billionaire investor Mark Cuban loses USD 870K in crypto scam
San Francisco: Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15. On-chain sleuth Wazz first noticed the unusual transactions…
- Business
Crypto market saw illicit transactions of USD 70 billion in 5 years: Report
New Delhi: The cryptocurrency market witnessed nearly $70 billion worth of illicit transactions in the last five years, a new report said on Tuesday. According to data presented by AltIndex.com, illicit crypto…
- Business
Buoyant sentiments may lift Nifty towards 20K mark over next few days
New Delhi: Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. With monsoon gradually improving…
- Business
New Rajkot International Airport with 23,000 square metres terminal commences operations
Rajkot (Gujarat): The new Rajkot International Airport in Gujarat officially commenced its flight operations on Sunday, marking a significant development in the region’s air travel infrastructure. The old Rajkot Airport ceased its…
- Technology
Tesla’s $25K car, robotaxi to have futuristic design like Cybertruck: Report
San Francisco: Tesla’s $25,000 car and the company’s dedicated robotaxi will feature a futuristic design — inspired by the Cybertruck, according to Elon Musk biographer Walter Isaacson. According to an excerpt from…
- Technology
Industry stakeholders hail inclusion of startups as part of G20 Delhi Declaration
New Delhi: The Indian startup ecosystem stakeholders on Sunday hailed the inclusion of startups as part of the Delhi Declaration for the first time in the history of G20. India has taken…